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Model Thinking

We live in a complex world with diverse people, firms, and governments whose behaviors aggregate to produce novel, unexpected phenomena. We see political uprisings, market crashes, and a never ending array of social trends. How do we make sense of it? Models. Evidence shows that people who think with models consistently outperform those who don't. And, moreover people who think with lots of models outperform people who use only one. Why do models make us better thinkers? Models help us to better organize information - to make sense of that fire hose or hairball of data (choose your metaphor) available on the Internet. Models improve our abilities to make accurate forecasts. They help us make better decisions and adopt more effective strategies. They even can improve our ability to design institutions and procedures. In this class, I present a starter kit of models: I start with models of tipping points. I move on to cover models explain the wisdom of crowds, models that show why some countries are rich and some are poor, and models that help unpack the strategic decisions of firm and politicians. The models covered in this class provide a foundation for future social science classes, whether they be in economics, political science, business, or sociology. Mastering this material will give you a huge leg up in advanced courses. They also help you in life. Here's how the course will work. For each model, I present a short, easily digestible overview lecture. Then, I'll dig deeper. I'll go into the technical details of the model. Those technical lectures won't require calculus but be prepared for some algebra. For all the lectures, I'll offer some questions and we'll have quizzes and even a final exam. If you decide to do the deep dive, and take all the quizzes and the exam, you'll receive a Course Certificate. If you just decide to follow along for the introductory lectures to gain some exposure that's fine too. It's all free. And it's all here to help make you a better thinker!

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University of Michigan

Rating 4.7 based on 352 ratings
Length 13 weeks
Effort 4-8 hours/week
Starts Aug 19 (2 days ago)
Cost $49
From University of Michigan via Coursera
Instructor Scott E. Page
Download Videos On all desktop and mobile devices
Language English
Subjects Social Sciences Business
Tags Social Sciences Business Business Strategy Economics

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What people are saying

According to other learners, here's what you need to know

model thinking in 14 reviews

"Model Thinking" was the first, and still one of the very best, courses I've taken via www.coursera.org.

and would be able in future to understand any matter in model thinking.

very good course i will recommend it to all the people i coach This is a good course to inspire my model thinking.

Great content and lectures, that possibly provides new dimensions to look/explain the situation in context, I guess I will comeback for references to continue with this journey in to 'Model Thinking' The instructor does a very good job in explaining difficult concepts and is amazing in his teaching .. Cons:-Too dated - links to many of the materials are unavailable.-Instructors knowledge of some the models he cover is questionable (regression)Pros:-Covers a lot of materials This excellent course provides a broad overview of the main models for decision support.

Especially, because it showed that the "many model thinking" is a useful "tool" in various fields of life.

This is my first foray into model thinking.

Model thinking looks at the world under many different lenses which can lend insight into why the world and people work the way they do.

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professor page in 13 reviews

Professor Page keeps it fresh, interesting, and challanging throught the course.

Professor Page is a great tutor, trying and showing models, what are they for and displaying a big mind map of this economical area.

If only more people could understand it, we'd be able not only be a better citizens of the world, but make the world a better place.Scott E. Page is a great teacher, would be glad to meet him in person.Big Thanks to Professor Page, University of Michigan and Coursera for providing this great Course.

Millions of thanks and respect to professor Page.

Professor Page's excitement for the topic combined with an amazing ability to communicate clearly and concisely made this an awesome 12 week journey.

Students study the videos offered by professor Page before they come to class.

T A great job that professor Page is doing.

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very interesting course in 9 reviews

Very interesting course, gives useful insights into different phenomena observed in the real world.

S It's very interesting course.

Very interesting course.

It is a very interesting course.

This is a very very interesting course.

Very interesting course, with lot of materials.

This was a very interesting course.

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real world in 9 reviews

The lectures are clear, and the examples given show good applicability to real world problems.

By making implicit assumptions explicit we can understand real world processes better.

Contents of the course are very diverse, clearly changes your way and ability to identify patterns, and fit real world in to models to extract additional information ...It does not have a very in depth, description about most models, but enough to understand them, because there are so many different concepts that are fit together ...Its an excellent introductory course to models.

Good for folks who want to see ways to connect math to the real world or who are interested in pop-econ.

It is analytical, interesting and gives a challenging connect with the real world and equations.

If you're someone who isn't math savvy and wants to see how math can be used in the real world, check this course out.

I have learned much Taking this course has really broadened my mind to see how models help to explain situations in the real world, but I don't expect to be able to remember ALL of the models as there are simply too many to choose from!

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many different in 7 reviews

I enjoy how ideas from many different fields are stitched together.

The concepts given in the course may be used in many different ways.

You'll learn some economics, some psychology, but above all to think and use many different models.

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variety of models in 5 reviews

The wide variety of models described, the examples given and the way the theory is explained is well executed.

It covers a variety of models.

I learned a variety of models that are applicable to work and real-world situational problems.

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Coursera

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University of Michigan

Rating 4.7 based on 352 ratings
Length 13 weeks
Effort 4-8 hours/week
Starts Aug 19 (2 days ago)
Cost $49
From University of Michigan via Coursera
Instructor Scott E. Page
Download Videos On all desktop and mobile devices
Language English
Subjects Social Sciences Business
Tags Social Sciences Business Business Strategy Economics

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